MIAL puts Air India on notice over payment dues

Air India will not secure a credit term to settle dues in case it fails to pay up Rs 200 crore dues to Mumbai airport by June 1, Mumbai International Airport (MIAL) has said in a letter to the airline. Air India's total dues which include charges for landing and parking are around Rs 450 crore and are unpaid for last several months. MIAL has now threatened to put Air India on a cash and carry modem, which means the airline will not get a credit period to settle dues.